Posted on 04/03/2014 10:16:31 AM PDT by Cheerio
ew data from a major insurer suggest real enrollment is at roughly 6 million.
One of the biggest players in Obamacare's exchanges says 15 to 20 percent of its new customers aren't paying their first premium—which means they're not actually covered.
The latest data come from the Blue Cross Blue Shield Association, whose members—known collectively as "Blues" plans—are participating in the exchanges in almost every state. Roughly 80 to 85 percent of people who selected a Blues plan through the exchanges went on to pay their first month's premium, a BCBSA spokeswoman said Wednesday.
(Excerpt) Read more at nationaljournal.com ...
Uh huh. Suuuuure.
How many of those ‘80%’ who paid have paid for months 2, 3, 4 and so on? How many had an extra $100 to $450 (depending on subsidy level) in disposable income *per family member* for each month and can *sustain* this new, extra cash outflow from the household budget month after month and year after year? Virtually zero, I would guess.
My strategy would be: a) sign up, b) cram care for all of your neglected health issues into one month, c) stop paying for month #2; d) pay fine anyway for being without insurance for 11 months; e) rinse and repeat for next year.
This would only be an effective strategy when your neglected health issues exceed the deductible, which in most cases exceeds $10,000.
You make a good point, well worth posting twice!
I predict a rescission rate (drop off) of close to 100% for people who did not have insurance BEFORE the exchange as regardless of the amount of the subsidy, having no premium is cheaper than subsidized premium.
They can’t afforded the premiums WITH the subsidies.
Remember for the most part health insurance is NEVER USED. A dr. visit is standard for most people every year and many never go to the doctor unless they are actually ill, very ill or very injured.
SO people who never had a premium payment are somehow supposed to afford one now. How? They couldn’t afford a simple catastrophic plan in the past and those are dirt cheap.
By the third payment, they will stop paying. Too much money out for the benefit they will receive.
They may have paid one month, but if they miss a month, the insurance company does not have to pay claims.
I’ll bet even the subsidized will get tired of paying their reduced premiums once they try to use their insurance and find out that they must pay the deductible in order to get treatment.
You haven’t looked at how astronomical the deductible is on most Obamacare plans. Even doing that most people even with neglected health needs will wind up paying nearly everything out of pocket.
Premiums??? I don’t need to pay no stinkin premiums!
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